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BRANNON PROPERTIES LIMITED
REGISTERED NUMBER: NI045644
ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014
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CREDITORS: amounts falling due within one year
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For the year ended 31 December 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 29 June 2015.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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BRANNON PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.
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Investments held as fixed assets are shown at cost less provision for impairment.
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2.FIXED ASSET INVESTMENTS
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At 1 January 2014 and 31 December 2014
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Participating interests
The company has the following interests in joint venture companies. These trading companies accounts
have been qualified to the uncertainty of their ability to continue to trade and the stock valuation.
Joint ventures
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Hunterswood PropertiesLtd
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3.SHARE CAPITAL
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Allotted, called up and fully paid
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Page 2
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BRANNON PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
The financial position of the joint venture companies, their cash flows, liquidity position and borrowing
facilities have been considered by their director. Due to the present current economic climate and outlook
the director is not confident of the continuing support from the other shareholders and bank. The director
has a reasonable expectation that their joint venture companies do not have adequate resources to
continue for the foreseeable future and property carrying asset values are not reflective of current market
values. The accounts have been adopted using the going concern basis without any provision for any
financial shortfalls due to the inherent uncertainty of these losses.
Page 3
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